Techniques To Retain Customers
The “lifetime value of the consumer” concept is based on the fact that it is much more cost effective to keep a good consumer than to attract a new one.
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The “lifetime value of the consumer” concept is based on the fact that it is much more cost effective to keep a good consumer than to attract a new one.
Understanding your target customer is a never-ending process. Here are some simple ways to do so:
Marketing research is critical to the success of brand management. Without customer and competitor information/insight, it is almost impossible to position a brand advantageously and to manage it effectively over time. Research supports the following steps in the brand management process:
You may be surprised to learn that close to 80 per cent of all brands purchased by parents is controlled by their offspring.
While the list below was created over 75 years ago, it speaks to the timeless quality of human motivations. Advertisers continue to tap into these consumer motivations to build brands and sell products today.